Description:EverRise is establishing the new standard of DeFi tokenomics with its innovative Buyback and burn system and revolutionary use-cases.
EverRise is the first to introduce the original buyback mechanism in the cryptocurrency space. With over 1700 tokens now including a buyback function in their tokenomics, it is clear EverRise's innovations are already revolutionizing the DeFi space.
Unlike a burn from non-circulating supply, the buyback immediately transfers value to the token holders and the community by purchasing tokens from the open market to burn.
Buyback function of the EverRise smart contract exchanges liquidity from the reserve liquidity pool for RISE tokens in the main liquidity pool. These tokens are automatically sent to the burn wallet. This adds value to the liquidity pool of the RISE token, and permanently constricts supply.
So far 276,805,217,372,461 tokens have been burnt, 27.68% of the circulating supply. As all of these tokens were on the market, being bought and sold, this creates a true supply constriction which makes EverRise Hyper-Deflationary.
EverRise token holders also benefit through a 2% static reflection reward from every transaction.
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